Current Yield – 1.21% APY as of 8/6/2010
Seems like every bank has a high yield savings account these days. Who can blame them? With financial institutions failing left and right and retirement accounts dwindling you can see why investors and savers are flocking to safer, liquid investments. This savings account is much like the others that other online banks have. One of the differences that they have one of the highest minimum balances, 10k.
This savings account is recommended for those that need a temporary place to keep money during these uneasy times. If you’re like most savers you’re probably asking, who is WTDirect? They’re a subsidiary of Wilmington Trust a FDIC Insured financial institution. They offer a array of financial services including wealth advisory, corporate client and regional banking services. They were founded in 1903 and can find confidence and stability in the fact that they are FDIC Insured and right now that insurance is currently up to 250k.
If you’re looking for a place to stash some cash for a small time frame, I’d recommend this high yield savings account. Otherwise, they’re are too many catches in the account. You can find they’re quite lengthy
-Rate is Variable.
Things you need to know.
-10K Minimum to earn the current APY.
-No need to open a checking account to open the WTD Direct savings account.
-0$ Liability for unauthorized transactions in your account.